Tuesday, July 5

Cryptocurrency Exchange Kraken Acquires Non-custodial Staking Platform Staked By CoinTelegraph

Cryptocurrency exchange Kraken acquires non-custodial staking platform Staked

Major cryptocurrency exchange Kraken has announced that it has bought blockchain infrastructure company and investment manager Staked for an undisclosed amount.

In an announcement Tuesday, Kraken, the crypto exchange targeting a $ 10 billion valuation, said it had added Staked to its portfolio of performance products after the acquisition. The company described the Staked deal as “one of the crypto industry’s largest acquisitions to date,” but did not disclose the amount.

  • Kraken users have already committed over 500,000 ETH to staking on the platform

According to Kraken CEO Jesse Powell, Staked users will have access to Kraken’s portfolio of performance products. Staked CEO Tim Ogilvie cited the exchange’s “commitment to supporting proof-of-stake networks” as well as its track record of customer experience and safety in his decision to go ahead with the deal.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Leave a Reply

Your email address will not be published.